A study from Standard & Poor’s claims that even if interest rates rise to 4% in the next year it would only have a minimal effect on arrears.
- Top trends
The major UK lenders expect house prices to be broadly flat over the coming year and for mortgage lending to increase moderately, shows the Bank of England’s Trends In Lending report.
Lloyds TSB is offering its current account customers a 0.2% reduction on mortgage rates if they deposit at least £1,000 a month and take out a new mortgage with it.
Abbey for Intermediaries is cutting the rates on some of its fixed rate deals available at up to 70% LTV by up to 0.24%.
xit2, the online and property data network, has launched a new product, the Property In Possession Portal as part of its new asset management service.
Health Shield has launched three new benefits and an important product enhancement for 2015. The new portfolio will appeal to both new and existing members and help employers boost and maintain workplace wellbeing.
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